Bloody Wednesday: Bitcoin Price Headlines Crypto Sell-Off, But One Coin Emerges Unscathed

The Bitcoin price took a sharp drop and the rest of the crypto market went with it. The rest of the market, that is, except for Binance Coin, which resisted the bearish tilt and climbed into the 10th spot in the market cap rankings. Outside of the top 10, nearly everything was red. Bitcoin itself was barely flirting with a global average just over $ 3,400, while Ethereum dropped a few dollars to $ 104 and XRP finally dipped under $ 0.30. Bears Deal Bitcoin another Blow As noted above, the global average for Bitcoin is still clinging to $ 3,400. But plenty of

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Sudden Selloff Hits Hong Kong Stocks: $4.77 Billion Vaporized

A number of stocks tanked sharply without warning earlier today on the Hong Kong equity market, which is the fourth largest in the world. The market rout left investors with no time to exit their positions, leaving them with losses amounting to as much as $ 4.77 billion in a matter of minutes. Share prices of

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News – CCN

With the Tether news and Bakkt launch delay, it seems indicitative that the sell-off that started on Nov 18th appears to be inside trading.

So, basically business as usual.

I still don't buy that we lost 1k (20%) in total asset value because of a shitcoin hash-war. The more bcash suffers, the more likely that miners are going to abandon the shit show clown car and hop over to bitcoin to preserve ROI.

It seems much more readily apparent that the bigger fundamental news of Bakkt + DOJ Investigation into tethers is what caused this market spook.

Thoughts?

submitted by /u/Cryptolution
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